Consolidated Water (NASDAQ:CWCO) Director Raymond Whittaker Sells 1,000 Shares

Consolidated Water Co. Ltd. (NASDAQ:CWCOGet Free Report) Director Raymond Whittaker sold 1,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $28.93, for a total value of $28,930.00. Following the completion of the sale, the director directly owned 2,038 shares in the company, valued at $58,959.34. This trade represents a 32.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Consolidated Water Price Performance

Shares of NASDAQ:CWCO opened at $29.28 on Friday. Consolidated Water Co. Ltd. has a 1-year low of $28.17 and a 1-year high of $39.12. The business has a fifty day moving average price of $29.64 and a 200-day moving average price of $31.58. The company has a market capitalization of $468.77 million, a PE ratio of 35.28 and a beta of 0.52.

Consolidated Water (NASDAQ:CWCOGet Free Report) last posted its quarterly earnings results on Monday, August 10th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.05. The firm had revenue of $32.87 million during the quarter, compared to analyst estimates of $30.60 million. Consolidated Water had a return on equity of 7.23% and a net margin of 12.66%. On average, sell-side analysts anticipate that Consolidated Water Co. Ltd. will post 0.95 earnings per share for the current fiscal year.

Consolidated Water Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 1st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.56 annualized dividend and a dividend yield of 1.9%. Consolidated Water’s dividend payout ratio (DPR) is 67.47%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Consolidated Water by 1.5% in the third quarter. Vanguard Group Inc. now owns 966,950 shares of the utilities provider’s stock worth $34,114,000 after acquiring an additional 13,951 shares during the period. Invesco Ltd. lifted its position in Consolidated Water by 6.9% during the third quarter. Invesco Ltd. now owns 315,962 shares of the utilities provider’s stock valued at $11,147,000 after purchasing an additional 20,264 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Consolidated Water by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 293,593 shares of the utilities provider’s stock worth $9,724,000 after buying an additional 3,210 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Consolidated Water by 8.3% in the first quarter. Goldman Sachs Group Inc. now owns 171,037 shares of the utilities provider’s stock worth $4,189,000 after buying an additional 13,061 shares in the last quarter. Finally, Inspire Investing LLC raised its stake in shares of Consolidated Water by 54.1% in the first quarter. Inspire Investing LLC now owns 52,813 shares of the utilities provider’s stock worth $1,749,000 after buying an additional 18,550 shares during the period. 55.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CWCO. Wall Street Zen lowered Consolidated Water from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings cut Consolidated Water from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 7th. Finally, Zacks Research raised Consolidated Water from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Get Our Latest Stock Report on Consolidated Water

Consolidated Water Company Profile

(Get Free Report)

Consolidated Water Co Ltd. is a developer, operator and manufacturer of water treatment and desalination systems. The company designs, engineers, builds and operates reverse-osmosis desalination plants and water treatment facilities, offering both turnkey project delivery and ongoing operations and maintenance services. Its product portfolio includes modular desalination units, water distribution systems, filtration membranes and associated equipment for potable water production.

Consolidated Water serves municipalities, resorts, commercial enterprises and private customers in the Caribbean and the southeastern United States.

Further Reading

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